Order Types and Execution Methods

CROSSx DEX operates on a decentralized on-chain order book structure, allowing users to submit asset-related requests based on their desired methods and conditions via their own wallets.
All processes are validated through external smart contracts. The app only provides the request registration and signature interface.

Market-Based Request (Real-Time Price Execution)

A market-based request is a method that may be executed immediately based on the most favorable available conditions at the time.
Once submitted, the request is compared and processed against suitable counter-requests via the external network. This option is suitable for users who prioritize speed, and all activity is recorded on-chain.

Limit-Based Request (Specified Condition Execution)

A limit-based request allows users to set specific conditions before submission.
These requests may not be processed immediately, and will remain pending in the order book until the specified conditions are met. All such requests are transparently recorded and published on-chain.

Request Validity Options

Since blockchain requests may incur network fees, CROSSx DEX provides several execution timing options to give users flexibility.

GTC (Good Till Cancel)

The request remains active until it is processed or manually canceled by the user.

"Keep this active until the conditions are met!"
Example: A user creates a request to release Token A at 1,000,000 KRW. The request remains active until that price is met.

IOC (Immediate or Cancel)

If part of the request can be processed immediately, that portion will be executed, and the rest will be automatically canceled.

"Process whatever’s possible now and cancel the rest!"
Example: A user submits a request to acquire 1 Token A at 1,000,000 KRW, but only 0.5 is available. The 0.5 is processed, and the rest is canceled.

FOK (Fill or Kill)

The entire quantity must be processed at once, or the request will be canceled entirely.

"All or nothing!"
Example: A user submits a request to acquire 1 Token A at 1,000,000 KRW, but only 0.8 is available. The entire request is rejected.

These options allow users in the CROSSx DEX environment to configure flexible conditions and initiate asset processing through external smart contracts.
The app does not custody assets or provide any payment processing, and its role is limited to connecting external systems based on user-signed requests.